You are sitting at your desk, toiling over the daily reports, when your inbox chimes. You’ve just received a notice from one of your internal customers that he has a nice piece of machinery that needs to be sold in a short time frame. All of the required releases and specifications are attached to the email but none of the financial information (original purchase price or net book value) is included. You are free to market the asset but you don’t normally deal in these assets and don’t have much

According to the Investment Recovery Association’s benchmark studies, professionally run IR departments return more than a 30X bottom-line net profit for every dollar invested in Investment Recovery operations, thus making investment recovery operations among the most productive departments in any organization. Wow! How many investments are you aware of that can claim […]

The passage of the federal Sarbanes-Oxley Act more than a decade ago instituted several strict accounting requirements for public companies, one of which directly affects investment recovery managers today. The law stated that companies must report costs associated with future facility retirements in current financial statements. In other words, companies must estimate and recognize […]

Salt River Project is the oldest multipurpose federal reclamation project in the United States, serving Arizona well before it became a state. In addition to providing electricity to a 2,900-square-mile service area, SRP is also a raw water supplier, managing a 13,000- square-mile watershed including reservoirs, wells, canals and irrigation laterals. Behind that all, […]

In Lewis Carroll’s Alice in Wonderland, when Alice asks the Cheshire Puss to tell her which way she should go, the Cheshire Puss replies, “That depends a good deal on where you want to get to.” Alice responds, “I don’t much care where…”, to which the Cheshire Puss says, “Then it doesn’t matter which […]